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Energy

Germany sets 2045 deadline to end fossil fuel use

Daily Telegraph NZ -

Germany has unveiled a plan to eliminate coal, oil and gas from its energy system by 2045, pressing ahead with its green transition despite...

US diesel prices hit record high

Daily Telegraph NZ -

US diesel prices have climbed to a record high as global supply disruptions and instability in the Middle East put additional pressure on fuel...

Drone strikes shut critical Saudi oil pipeline

Daily Telegraph NZ -

Saudi Arabia has halted operations on its strategic East-West oil pipeline after drone strikes damaged pumping stations in the Riyadh and Medina regions, further...

Saudi oil output crashes to 35-year low

Daily Telegraph NZ -

Saudi Arabia’s crude oil production has fallen to its lowest level since 1990 as escalating conflict across the Middle East disrupts the kingdom’s major...

Houthis capture key Red Sea port (Video)

Daily Telegraph NZ -

Yemen’s Houthi movement says it has taken control of the strategic port city of Mocha, potentially strengthening its position around the Bab al-Mandeb Strait,...

Oil breaks $100 as Middle East fighting deepens supply fears

DTNZ Business -

Global oil prices have climbed above $100 a barrel as intensifying hostilities involving the US, Iran and Yemen’s Houthis fuel concerns that further attacks...

2027 fuel tax hike scrapped

Daily Telegraph NZ -

The planned 12-cent-per-litre fuel excise increase from January 2027 has been cancelled, with equivalent road user charge increases also postponed, Finance Minister Nicola Willis...

EU gas stocks sink as traders fear winter price shock

Daily Telegraph NZ -

European gas markets are facing renewed winter anxiety as storage levels remain unusually low and the Iran conflict disrupts global energy supplies. EU facilities were...

New offshore petroleum prospecting bid announced

DTNZ Business -

A new petroleum prospecting application covering more than 4,200 square kilometres of ocean east of the North Island has opened for competing bids as...

Cyberattack knocks UK power plant offline

Daily Telegraph NZ -

A cyberattack reportedly forced a small British power station to shut down for four days, with UK authorities suspecting hackers linked to Iran, according...

Greek oil tanker hit in Black Sea

Daily Telegraph NZ -

A Greek-operated oil tanker has reportedly been attacked in the Black Sea after collecting Russian crude from the Caspian Pipeline Consortium (CPC) terminal near...

Foxton solar farm fast-tracked

Daily Telegraph NZ -

A solar farm near Foxton is the 32nd project and eighth renewable energy project to be granted Fast-track approval. Genesis Energy lodged its application in...

New Zealand’s fuel vulnerability highlighted as global energy risks collide

RCR Bites -

New Zealand may be heading towards a severe energy squeeze, with several risks converging at once. Former petrochemical commissioning engineer Lester Bryant told RCR...

NZ First Coromandel candidate pledges economic growth and climate policy overhaul

DTNZ Politics -

New Zealand First's Coromandel candidate Vincent Andersen says reviving the economy, reducing regulation and defending what he describes as traditional values will be central...

Luxon doubles down on ‘Net Zero’

Daily Telegraph NZ -

Prime Minister Christopher Luxon has reaffirmed the government's commitment to achieving Net Zero, insisting New Zealand remains on course to meet its climate targets...

NZ First unveils $1 billion offshore energy plan

DTNZ Politics -

New Zealand First has launched its election campaign by unveiling a $1 billion plan to survey the country's offshore basins for oil and gas,...

Sunda Energy seeks offshore Taranaki exploration permit

DTNZ Business -

A new offshore petroleum exploration proposal has been opened to competing applications after Sunda Energy applied for a permit covering part of the northern...

Bay of Plenty projects to receive $15.5m boost – Jones

DTNZ Politics -

Regional Development Minister Shane Jones has announced $15.5 million in Regional Infrastructure Fund (RIF) support for two Bay of Plenty projects aimed at expanding...

Nord Stream: A lie too big to fail

Tarik Cyril Amar -

Even with a suspect in court, Berlin will still protect Kiev and the wider cover-up rather than confront a devastating truth. Imagine a Hollywood movie....

NZ Outdoors & Freedom Party: Billion-dollar LNG experiment will triple electricity fuel costs

DTNZ Politics -

New Zealand is sleepwalking into an energy crisis, and the Government’s proposed solution will cost every household and business in the country dearly for...

US strikes targets across Iran as oil prices surge

Daily Telegraph NZ -

CENTCOM described the new wave of attacks as self-defense against “unwarranted aggression”. The United States has carried out strikes in Iran for the second consecutive...

$55m released for first superhot geothermal well

Daily Telegraph NZ -

The government's push to unlock a new generation of geothermal energy has taken a major step forward, with Cabinet approving the release of the...

New energy security plan targets power price stability and dry-year risks

Daily Telegraph NZ -

The Government has unveiled a two-pronged strategy aimed at strengthening New Zealand's energy security and shielding households and businesses from future electricity shortages and...

Marsden Point diesel storage upgrade completed

Daily Telegraph NZ -

Work to bring an additional 93 million litres of diesel storage capacity back into service at Marsden Point has been completed, paving the way...

Peters backs rail-led freight expansion and pushes case for Marsden Point link

Daily Telegraph NZ -

Rail Minister Winston Peters has used a speech to regional leaders in Whangārei to champion rail as the backbone of New Zealand’s freight network,...

Three firms selected for Marsden Point rail link design competition

Daily Telegraph NZ -

The Government has moved a step closer to advancing the proposed Marsden Point Rail Link, with KiwiRail identifying three infrastructure companies to compete in...

First shipment of government diesel reserve heads to NZ

Daily Telegraph NZ -

The first shipment of New Zealand’s new government-controlled diesel reserve is on its way to Marsden Point, with officials saying the move will strengthen...

Gas at $4: Understanding America’s strange obsession

Daily Telegraph NZ -

Fuel prices in the US are akin to a constantly displayed economic scorecard where the pump can trump politics Gas prices in the US have...

Big power firms targeted with new electricity market rules

Daily Telegraph NZ -

The Government has announced new electricity market rules aimed at stopping New Zealand’s four largest gentailers from using their market dominance to disadvantage smaller...

$1.2 billion scheme launched to help businesses move away from gas

Daily Telegraph NZ -

The Government has unveiled a new loan guarantee scheme aimed at helping businesses reduce their reliance on natural gas, as it says New Zealand...

Fuel reserves remain stable – MBIE

Daily Telegraph NZ -

New government figures show the country’s fuel reserves remain within normal operating levels, despite modest declines in petrol and jet fuel stocks. Data released by...

NZ First unveils proposal for Special Economic Zone at Marsden Point

Daily Telegraph NZ -

New Zealand First has announced plans to establish a Special Economic Zone at Marsden Point, centred around the former oil refinery site and Northport,...

Fourth oil and gas exploration bid opens for Waikato region

Daily Telegraph NZ -

Resources Minister Shane Jones says a fourth petroleum exploration permit application has entered the competitive approval process since the Government lifted the oil and...

Luxon blasts OECD LNG warning as ‘rubbish’

Daily Telegraph NZ -

Prime Minister Christopher Luxon has rejected OECD criticism of the Government’s proposed LNG import facility, calling the report “a load of rubbish” and insisting...

Government secures emergency diesel stockpile

Daily Telegraph NZ -

The government has finalised a deal with Z Energy to secure almost 90 million additional litres of diesel fuel, equivalent to about nine days...

World oil reserves drain at record pace

Daily Telegraph NZ -

Disruptions in the Strait of Hormuz are pushing global inventories toward operational ‘stress’ and ‘floor’ levels, the outlet has reported. Global oil inventories are shrinking...

Beyond Hormuz: This oil giant is plagued by a curse

Adamu B. Garba II -

Nigeria’s oil, pumped from its own soil, is systematically routed away from its own shores. For Nigeria, Africa’s largest oil producer and one of its...

Oil trader pockets reported USD $125m on suspiciously well-timed Iran bet

Daily Telegraph NZ -

The alleged trade came shortly before reported progress toward US-Iran deal to end the war, raising suspicions of insider information. A massive crude oil bet...

Global oil shortages to hit within weeks – Chevron CEO

Daily Telegraph NZ -

Concerns over availability will soon replace fears about price, according to Mike Wirth. Physical oil shortages could begin to emerge worldwide within weeks due to...

UAE exits another oil exporters’ group

Daily Telegraph NZ -

The move comes just days after the Gulf nation broke with OPEC and OPEC+, citing the need to gain more flexibility over oil output. The...

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